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Search Results 0 to 8 of about 9 (some duplicates have been removed)
the most extreme element in their own party through the primary processes, and that's why harry reid right now is running the senate. >> but there are -- i mean, you saw the front page of the business section of "the new york times" yesterday. there are people who want these assault weapons, and they're selling off the shelves at twice the price. twice the price. i was online looking at guns. it's unbelievable how they're marketed. people like them. people in america feel they need these multiple -- what's that? >> did you buy one? >> no, i was just trying to understand. i personally don't get it. but there is -- it's not just an extreme fringe tiny bit of society. there are people out there who support this. >> i tell you what. >> in our society. >> there aren't enough of those people out there that feel like they have to have an assault weapon to carry presidential elections or senate elections. >> there's enough to make gun manufacturers a lot of money, to make the gun lobby powerful, to make people like wayne la bpie e pierre -- >> think about the money he makes by ginning up fear in a
able to pass a budget. now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do that. those numbers don't add up. >> all right. let's bet back to this sequester here. it comes at a time when we just learned that fourth quarter gdp was horrible compared to what we saw in the third quarter. the stock market seems to feel like things are getting back to normal, the economy's on the mend. is this the time to allow these spending cuts to take effect automatically that could take out a number -- "the new york times" says it could cost a million jobs in the economy right now. isn't this the time to think about an alternative of some kind? >> absolutely. th
: >> r eporter: and by the way, the senate democratic leader, harry reid, said that he would have his first meeting in quite a while with speaker boehner later this week. david and liz? david: all right. well, you asked the right question. it wasn't for want of trying that you didn't get an answer of some kind. thank you, peter. we'll see more of you tonight. and tonight it all begins at 8 p.m. live coverage of the state of the union address hosted by my buddy, he is back and roaring, neil cavuto, delivering -- well, he's not delivering the state of the union, but perhaps someday he will. you never know with neil. nothing's going to stop him. liz: neil for president. we will have much more on the state of the union and the president's plan for economic growth when steve forbes joins us later this hour. david: also, where are companies turning to raise money? we're going to take a close look at why public debt and equity issues are falling at private -- and private issues are rising. this is a very interesting story about where companies are getting cash. details in a moment. ♪ today
are applied. harry reid and other democrats, however, respond to that. i think this can be done responsibly. whether it is domestic spending or defense. what the president does have in his advantage here is republicans are somewhat divided in this. i think it is important for the republican caucus to stick together on this. dagen: what about that i am a conspirators sometimes, what if the economy continues to chug along at the casting, then it kind of points to the fact that more cuts should have been. you can say i am an idiot. >> i think the administration is concerned because their base does not want to see this. they have political concerns. i do not think they are practical and the terms of the government's ability to move forward and provide services and so forth. they are more worried about the political out, i think. connell: lower gdp estimates, or is there at least some individual companies that will be affected? >> the spending that obama has wanted, he has gotten. spending has increased. what do we have to show for it? the slowest economic recovery in three generations. dagen: s
? >> harry reid won't get a paycheck if he doesn't pass a budget. we finally got his attention. >> i don't think there's any tag days for him getting a paycheck but thank you. >> about the g-7 -- >> my word, absolutely. currency wars front and center, particularly london, the world's major foreign exchange center. notice the stock markets are higher almost across the board. one of the major reasons the banks are rallying today, at the helm, barclays. unveiled a structureture to cut costs and rebalance the bank away from investment banking and the way consumer units grow organically much faster and return to internal equity of about 15%. the stock is up 18%. it continues to gain and dragging other banks in the uk and elsewhere and spain with it, and what the ceo had to say. >> we have to manage our capital very effectively and reduce our cost space and reduce the ratio of compensation to our net income. that's what we're talking about today. >> for the record, the average bonus investment banking at barclays is down 17% at $84,000. the big debate in europe remains on currencies, brussels,
't gotten anything with harry reid that can pass in the senate. he said i'm going to put it on congress to try to come up with plan, what he calls a balanced plan for more revenue as well as additional spending cuts. and from that conversation earlier that i had with alan simpson and erskine bowles, i heard from them both sides need to have pressure applied on them, the white house thinks we don't need as many cuts as simpson and bowles do and the president is saying no more revenue, and simpson and bowles saying, no, we need more revenue. today they even set a bar higher than they had in their commission report for additional deficit reduction. i asked them how can you ask for more when we haven't even gotten what you originally recommended. here's how they responded. >> well, we learned the hard way with our commission. the tougher we made it, the more support we got. either go big or go only home. >> we're going to have to push the white house on health care, we're going to have to push the republicans on revenue. >> go big or go home, that's their mantra. we'll see whether congress
york times." he begins with these words. on july 26, 2011, jack lew went to harry read's budget for a session. according to bob woodward's book, they came up with a trigger idea to force a budget deal. what's the idea, reid asked? sequestration, lew said. reid folded himself over with his head between his knees as if he was going to throw up. here's the question. if this is such a horrible idea, sequestration or these forced budget cuts, why did the white house come up with this idea to begin with? >> well, as you remember, wolf, in the summer of 2011, we were facing a situation where the nation was about to default for the first time in its history because republicans were refusing to agree to a balanced approach to a deficit reduction. both sides were looking for a way to craft a deal that would avoid default and a trigger mechanism. sequestration, which is a word that most americans have never heard before, is simply a way of crafting policy that was so onerous that would cause cuts that nobody liked, republicans or democrats, and because of that they would compel the prospec
Search Results 0 to 8 of about 9 (some duplicates have been removed)